US banks cheer on tax reform

Banks are hopeful that the Trump administration might finally get something done.

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US president Donald Trump talking tax in Indianapolis on Wednesday

Talking to senior executives of large and small banks across the US is to be reminded just how big a deal for them the tax reforms proposed by the Trump administration at the end of September are.

The American Bankers Association was, of course, quick to applaud the administration for its commitment to lowering taxes and to agree with its contention that lower rates will pay for themselves by growing the economy, creating jobs and so expanding the tax base and revenues.

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